Building a portfolio of rental properties is a rewarding investment. After all, the number of people choosing to rent rather than own continues to maintain status or grow. Studies reveal that in 2018, the growth in renters was 23.7 million and outpaced homeowners in 97 of 100 top US cities. The percentage of people choosing to rent …
Continue reading “The Who, What, Why, and How of Property Management – Part I”
It’s a given – the greater your occupancy rate, the higher your rental property profit, but alas, tenants do leave. The key is a quick turn-around, which requires a plan of action for preparing your property for the next tenant. It begins with your rental agreements. Always include a damage/cleaning deposit and provide each tenant …
Rentals America Recognized on 2019 Best Property Management Companies in Phoenix, Arizona by PropertyManagement.com. PropertyManagement.com, a leading resource to help property owners identify reliable, trusted, and experienced property management services in the United States, has announced the 2019 Best Property Management Companies in Phoenix, AZ. The guide recognizes 35 top property management firms based …
Rentals America Featured in Top Agent Magazine. Agent Magazine is the premier real estate magazine featuring the most accomplished professionals in the real estate industry and offers an in-depth look at their careers and a blueprint for their success. To be considered for a feature in Top Agent Magazine all professionals must go through a nomination …
Continue reading “Rentals America Featured in Top Agent Magazine”
It was late in October, on a cold Colorado afternoon when my wife came to me with news of her new job opportunity. She was really excited and I was excited for her – until she told me where it was. “Move to Phoenix? Job starts in two weeks?” I vividly remember the panic I …
Continue reading “First Time Landlord? Here’s What I Learned…”
What is Transaction Privilege Tax? Transaction Privilege Tax (TPT) is a tax imposed by many cities in Arizona for the privilege of doing business. The tax is charged based upon gross revenue and is collected by the Arizona Department of Revenue on behalf of the cities. This tax also applies to Residential Rentals and is …
1. Not Properly Screening Tenants: Screening all occupants that are 18 or older helps ensure you find high-quality tenants that will care for your home. Screening should include credit, criminal history, eviction history and employment verification. It’s important to set minimum criteria for each to determine a qualified applicant. 2. Not Performing Routine Inspections: Inspections are important …
